NEW YORK, Nov 9 — US cybersecurity firm McAfee announced on Monday it will be sold to a group of investors for more than US$14 billion , just over a year after going public.
The investor group also includes Crosspoint Capital Partners, Canadian pension fund CPP Investments, Singapore’s sovereign wealth fund GIC and a subsidiary of the Abu Dhabi Investment Authority sovereign wealth fund. The firm once went public in 1992, then again in 1999 following a merger, before Intel bought it for about US$7.7 billion and delisted it in 2011.
McAfee returned to the stock market again in October 2020, taking advantage of a buoyant atmosphere for the cybersecurity industry.
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